POINT OF INTEREST:
Unit 3, 16-18 Marshall Road, Airport West is for sale by public auction on 11th May 2022 Wednesday at 12pm on-site.
A brilliant portfolio addition with value projected to take off — this is your first-class ticket into Airport West’s fiercely competitive industrial market. This building is 245 sqm* of factory and warehousing space with an additional 16.5 sqm* first-floor office area and 18 sqm* mezzanine floor, plus street-facing frontage that provides plenty of exposure to busy Marshall Road.
There’s great opportunity here for buyers to occupy once the current lease expires at the end of the year, or ample time for investors to seek a new long-term tenant in this increasingly competitive market. The asset will only swell in value from the already-established industrial surrounds, connection to Melbourne’s major arterials, and both of Melbourne’s airports for easy import/export. You’re a stone’s throw away from Tullamarine Freeway, under a kilometre from the Western Ring Road, and 3 km* from the Citylink Tollway. Public transport offerings are many with a local bus company servicing Matthews Avenue and a short 3 minute walk away from the tram stop connecting Airport West to Flinders Street Station.
- Total building area 245sqm*
- Plus additional office of 15.5sqm* and mezzanine floor of 18 sqm*
- Leased until December 2022 with a passing net rental of $28,692.00 per annum.
- Commercial 2 zoning.
- 5 car spaces on-site.
- Minutes from Essendon Fields and Melbourne International Airport
- Less than 25 minutes* to the Melbourne CBD via Citylink.
POINT OF VIEW:
The untrained eye would look at this location and see the value in the aviation association — but our point of view is that it’s the proximity to Westfield, the neighbouring vibrant local businesses and the car dealerships making Airport West more than a destination, with so much more to offer.
*Approx.
Pricing excludes GST